article thumbnail

Navigating PCI DSS Controls: Your Path to Secure Payments

Scytale

Heres who must follow PCI DSS requirements : Any business that processes, stores, or transmits payment card data. SaaS companies offering payment solutions, subscriptions, or integrations that handle transactions. Third-party service providers supporting businesses that process payments. multi-factor authentication).

article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Apple Pay A mobile payment and digital wallet service offered by Apple that allows users to make payments through NFC technology. Contactless Payments Devices that use radio-frequency identification for making secure payments; embedded chip and antenna enable consumers to wave a device over a reader at the point-of-sale.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Most Common Types of Contactless Payment Methods and How They Work

Stax

They also require device proximity, so its harder for fraudsters to intercept or access payment data remotely. Radiofrequency identification payments Radio Frequency Identification (RFID) is a wireless communication technology like NFC. Thus, all NFC payments are RFID payments, but not all RFID payments are NFC.

article thumbnail

Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

A well-integrated system allows businesses to accept multiple payment methods, sync transactions with inventory and accounting software, reduce manual errors, improve transaction speed, and provide secure payment processing. If you offer cloud-based POS systems, your customers get automatic updates and security patches.

article thumbnail

What is the Difference Between Mastercard and Visa?

Stax

World Mastercard offers cardholders $1,000 in annual coverage, while Visa Signature members get cell phone protection for one calendar month each time they pay their wireless bill using their Visa card. Used for procurement and recurring business expenses. Purchasing cards (P-cards). Fleet cards.

article thumbnail

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting.

article thumbnail

A Guide to Payment Tokenization

Stax

With tokenization, cybercriminals cannot see actual card numbers to steal when payments are processed online or through wireless networks. Instead, the sensitive payment data is safe and sound in a secure token vault where it cannot be accessed. Q: Why is Payment Tokenization important for SaaS companies?